Lilly’s Irish love affair goes on with $1.8 billion spend
US pharma major Eli Lilly (NYSE: LLY) has announced a $1 billion expansion of its manufacturing site in Limerick, Ireland, to increase production of biologic active ingredients, including those for its recently approved treatment for early symptomatic Alzheimer's disease.
The firm also unveiled its new $800 million facility expansion in more southerly Kinsale, which began making medicines last year to meet demand for Lilly's latest diabetes and obesity treatments.
This additional investment is part of the most ambitious manufacturing expansion agenda in the company's history. Since 2020, Lilly has committed more than $20 billion to build, expand and acquire manufacturing facilities in the USA and Europe.
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